Taikoo Shelving and Disposal of the Pak Shek

Swire Properties (1972) announced in May this year that it will demolish the Quarry Bay serviced residence in this year, but decided to continue to hold Percy for long-term investment yesterday. Swire Properties said that the decision was based on the overall long-term development of Taikoo Place. The continued holding of Parks will help the company further optimize the entire Taikoo community in the future, adding flexibility and advantages.

Weiyi Industrial Building’s basket of property intention price 120 million

The 28th floor of the plaza building in Taikoo Place has a total of 111 units, including open, 1 or 2 bedroom and top floor units. It is practically 340 to 1140 square meters and all units are furnished. Swire Properties has said that the project will be sold within this year and is expected to be sought after by the market.

In addition, Savills was appointed to sell a basket of properties at Wai Yip Industrial Building, 99-101 Betfair Road, Tai Kok Tsui. The company’s deputy managing director and head of the Kowloon Sales Department, Xiao Zhaoxin, said that the sale of the property involved more than 70% of the title. About 27,180 square meters, the intention price is 120 million yuan, and the price is 4415 yuan. He continued that several large residential and hotel projects in the district have been completed and it is expected that the property will attract developers or investors for mergers and acquisitions.

In addition, the Land Registry information shows that the first floor of Shengli Industrial Building, 16 Wong Chuk Hang Road, was changed to $112.8 million this month. The property area is about 8,700 square feet, equivalent to a price of $12,966. The new buyer is Ming Yu Investment Co., Ltd. The company’s directors, Cai Huayang, managing director of Weihua Electric and his wife, Lin Huaiqi, purchased the Xiamen factory and a parking space at the end of last year for RMB 126.8 million, and are now increasing their holdings. It is reported that the original owner purchased the first floor property for 50,000 yuan in 1972, holding 46 years of goods, making a large book profit of 112.25 million yuan and a property appreciation of 204 times.